Representations were received in this Directorate from various quarters to consider the exemption/waiver of penalty/revival fee (default fee) in respect of RD/PPF/SSA Accounts as the customers were not being able to deposit their due amounts in time due to lockdown situation in view of COVID-19. The issue was taken up with Ministry of Finance to consider the same and the Ministry of Finance has approved the exemption of penalty/revival fee for RD/PPF/SSA Accounts and intimated as under:-

“The subscribers of RD/PPF/SSA Accounts may deposit the mandated due amount, if any of current F.Y. (2019-20) and April, 2020 (as the case may be) in their respective accounts till 30th June, 2020 and no penalty/revival fee shall be charged”.

2. Accordingly necessary amendments are being made in Finacle. Non-CBS Post Offices should also take necessary action accordingly.

3. It is requested to circulate it to all concerned for information and necessary action. The same may also be placed on the notice board of the all Post Offices in public area.